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the democratic coalition is dominant, illinois, for example, new york state and california, you see a very different policy mix. which direction are they going? >> their policy mixes to mirror what's happening in washington, which is do not address any of your structural spending problems and need to add spending and ask your taxpayers in particular to-- the wealthier taxpayers to contribute more to that and it's a tax and spend policy. one of the problems that the states have, obviously it's not helping their economic growth and you're beginning to see a huge contrast on the ground between the economic situations of states that are reforming, and those that are not. >> paul: give us a couple of examples, kim, where is growth occurring where you're seeing it. the jobless rate, for example, in illinois the last time i checked was 8.8%. >> yes. >> paul: and meanwhile, wisconsin 6.9%, very interesting contrast. >> look at indiana, where it's also low, and-- yeah, north dakota, which by the way, steve mentioned you know, the fracking boom going up there. and i think it's below 5%, it's astonis
of california are preparing for the worst filling sandbags as some rivers are expected to go over their banks. dominic is streaming live from petaluma, california with the latest. >> reporter: clear sky above me, 12 hours ago it was for en shl rain. that rain is in the ground and we're expecting it to come town streams and hit major river ways. napa valley, city of napa was expecting a crest of at least two feet to rise above the flood stage. back in 2005 the city of neep was hit very badly by floods. this time they are saying they can protect the city. take a listen. >>> because of the history of flooding in napa we have a good idea where the water will come out first. there are certain points and we can plan in advance. if this moment if the projections are accurate we'll probably looking at street flooding, intersections being flooded, nothing terribly serious. >> reporter: and caveat may be necessary. there are flash flood warning around the bay area. two flash points they are looking at truck key river in nevada because of low snow levels -- truckee river and the russian river in guernev
had argued recently. they leave behind a 3-month-old baby. >>> residents in northern california may finally be getting a break from a series of powerful storms that have saturated the region over the past week. a third storm sunday dumped pounding rain and downed trees and power lines. nbc's jay gray has the latest from california. >> reporter: this morning the water and worries continue to rise across central and northern california. for almost a week now, high winds and heavy rains have pounded the west coast. trees and power lines are downed, rivers and creeks pushed past their banks. >> everybody behind us has lost almost everything. everyone's been evacuated. it's horrible. i've never seen nothing like this in real life, never. >> reporter: it is an overwhelming reality for countless families. sandbagging, trying to protect what they could, but many were still forced to find higher ground. >> it is a helpless feeling. it is. >> reporter: the rain has thankfully turned to snow across the sierras and even at the lower elevations, many areas may finally get a bit of a break after
, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news point company fox. now sad news. and he's raised tax rates and he was elected based on his tax the rich pol
office. now one plan to take union pensions off of the backs of taxpayers has failed in california. government unions declaring a major victory and killing off a reform victory that replaced with 401 k style investment plans. it is a defeat for taxpayers how so? >> the pension under fundeds are massive. we'll see hikes in taxs and sales tax increases and more worse is bankruptcies. we see that in stockton and n bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the problem is that los angeles is not the place. and it is a ballot initiative. u have front runners tha become mayor . they will not support it it was a nonstarter and never going to work in the stave you have a bett chance of succeeding. >> at least it was a plan . it is no law that said you cannot change 401 k's. that is future andew hires and f their plans. you don't have ill defined benefits and by the way the private sector do
that cliff as of today. what now, you wonder? kevin mccarthy out of california, he's coming up 60 minutes from now. martha: back to this tragic story we talked about yesterday. there are new details in the murder-suicide case involving kansas city chief jovan belcher. the reports are that he spent an alcohol-fueled evening with another woman before he went home and got into that fatal argument with his girlfriend. a woman named whitney glass claims she had dinner with belcher and he spent the night in his car before headed home at approximately:00 in the morning. police say he got into a huge argument with his girlfriend and shot her 9 times. then he drove to arrowhead stadium, spoke to his coaches and took his own life. bill: belcher's family and teammates saying they are shocked and did not see such a brutal turn of event coming the way they did. >> maybe you can keep this separate and move on with maybe it guy you knew before saturday. i think there is maybe some comfort in that. but trying to figure it out and trying to connect those two to me is pretty confusing and just too difficul
♪ >>> massive and widespread flooding hits california in a major way. we'll have a live report straight ahead. >>> the kansas city chiefs pull off a win the day after one of their own commits suicide. new details about his death, the murder of his girl friend and what happens their 3-month-old baby. >>> and an entire town is evacuated this morning. find out the unusual reason why in just two minutes. good morning. welcome to "early start" for a monday morning. >> yes. >> hard to get up on a monday, isn't it? >> it sure is. >> i'm alina cho. >> i'm zoraida sambolin. today is december 3rd. it is 5:00 a.m. in the east. the rain keeps coming in northern california. the third pacific storm unleashing floodwaters, knocking out power to thousands in san francisc francisco, sacramento and thousands of others. >> this thing just went up fast. real fast. we had previously had it gotten up high, but it hasn't gotten this bad. >> you live right here in the park? >> right there. >> right there. >> right there. i got my mom out. i took her down to a friend's house down the street. you never
weapons proposed by california democratic senator dianne feinstein. getting it through congress quickly is highly unlikely, but the mere mention of a ban is enough to send sales soaring and, it's not just guns. brownells said it recently sold more than three and a half years worth of ar-15 magazines in three days. even before newtown, sales of guns and ammunition this year were surging. fbi background checks of potential gun buyers were up 31% in november 2012 over 2011. in a report issued prior to newtown, the market research firm ida's world that tracks the gun industry, found gun enthesists are working themselves into a frenzy over what another four years under the obama administration may hold for gun laws. chuck is an instructor at nova firearms in falls church, virginia, where they nearly sold out of ar-15's and high capacity magazines after newtown. >> so ironically this shooting is inspiring more people to buy this gun, the ar-15 and the high round magazines? >> if i could, i would give senator feinstein and the president salesmen of the year awards. >> reporter: senator feinste
, everyone, a leading internet gun seller suspends all sales. the california teachers pension fund thinks about getting out of gun stops. the bush master gun maker has been put up for sale. and friday marked a sea change. richard trumka has taxes and spending. a dead ringer for big labor's plans delivered to the white house. facebook makes a pr push, mark zuckerberg, a half billion to charity and you are getting out of general motors and you lost. wednesday, december 19th, "varney & company" about to begin. >> good morning, everyone, general motors, it's about you the taxpayer. you are getting out. and they will sell 300 shares by a pre-arranged written trading agreement. don't know the price. plus, gm will buy 200 million shares from the treasury, that means is taxpayer loss is being locked in. how much? we're not sure. taxpayers, by the way, put in 49 1/2 billion into general motors. the bid-ask shows gm up today. now, the gun industry, that's feeling the impact of last week's shooting in connecticut. cheaper than dirt one of the biggest on-line retailer has stopped selling firearms an
: dangerous weather in northern california. three days of nonstop rain will impact areas already prone to flooding and mudslides. plus, a couple lucky to be alive after a 100-foot tree smashes their car. police say the weather may have had nothing to do with this jon: prince william and kate middleton are officially pregnant. reporter: yes, the rumors have been swirling. they have decided that there has been no official confirmation, but all of the talk had been about kate middleton's new hairstyle the last couple of days. but the palace was rather forced to announce the pregnancy. she has a cute morning sickness, hypermedia scribe. last week, we seem the duchess of cambridge out and about on several very public engagements. she also visited the city of cambridge, after which their title comes from looking very glowing and happy. no signs that she was suffering, she must've been doing. very early stages of the pregnancy. we don't know if it will be a boy or girl, but either way, that child will be next in line for the throne after prince william. >> it sounds like a spell from a harry
workers, the quintessential sort of low wage workers, the state of california, congresswoman, ends up paying $86 million in basically social safety net, food subsidies and the floor that is not provided by walmart, the employer. isn't this the thing that we need to be having a conversation about? >> that's one of the reasons the republicans have such a problem with obama care, for example. we are talking about moving away from employer-based, in a sense, requirement of where you work for your safety net and really saying everybody should have it and, by the way, everybody is going to put in towards t a lot of employers are having a problem. for once, we are telling them, people need to be insured. it would have been better in my opinion if it wasn't health care insurance form. >> just health care reform. >> this is a route going down towards what we need, which is that all americans should have an ability to walk in at a very local arena and get a physical, get a checkup. if something is wrong with them, start down the road to improving their health. when we see that happen, i can't t
. >>> in california, a law that mainstream mental health groups and equal rights advocates have held as a milestone is under attack tonight. the law bans so-called conversion therapy or reparative therapy, a so-called treatment that claims to turn gay children and teenagers straight. california's ban was scheduled to take effect january 1st but in the last 48 hours, two federal judges have issued opposing rulings in separate lawsuits challenging the ban. one judge ruled that three plaintiffs will be able to continue offering the therapy until their trial is over. the other judge denied an injunction to a separate set of plaintiffs. both lawsuits, it's confusing, but both lawsuits claim that banning the so-called therapy violates therapists' first amendment rights. keep in mind, nearly all mainstream medical and psychological associations say there's no solid evidence that any of these therapies work, while they also say they may be damaging. we're talking about kids, teenagers who often don't choose this therapy for themselves. it's often chosen by their parents. dr. drew pinsky has pretty strong t
. california's proposition 8. they made their way to the high court's doorstep. at least one -- at least one, is kind of likely to get on the docket. sooner rather than later. while we wait, the best person to talk about that is cnn's senior legal analyst jeffrey toobin who literally wrote the book, or a couple of them, on the supreme court. i was talking to you last friday. i was talking to you monday. you are back for another friday. are they going to make me wait again for another day? are or are we going to get something today? >> those that know don't tell and those that tell don't know. that's the rule with the supreme court. it seems likely we will hear if not today then very soon. also, we should hear that they are going to take the case. remember, two federal appeals courts have now declared the -- >> when you say the case -- >> the defense of marriage act. proposition 8 is a very separate matter. when a federal appeals court declares an act of congress unconstitutional the supreme court almost always takes the case. >> two federal courts have said this. you feel as though this woul
much less about the banks. equity financing is vastly better. you know, in california we had the crisis in the '80s. sorry. in 2000. the crisis. there was no debt. and, you know, people recovered. california's very anti-fragile because they benefit of every era, every problem. they make lemonade of every lemon. so that's the first thing is less debt in the system. it's a combination. to have an economy that's anti-fragile. you need also to have less deficit on the part of government and transfer it to the states. more decentralized decision making. why? because if you do you have decentralized errors. not one error dragging you down and last decade two errors in the down. iraq war. you know? it was a horror from human side. but it cost between 40 and 120 times the original estimates. you don't want mistake that is are very large. a fragile system is one in which mistakes are costly and the benefits are small and anti-fragile system is one in which mistakes are small and bring long-term benefits. we want to be in that environment and environment that ben filths of mistakes. >> i hear wha
hopeful this we can get this resolved. >>> breaking news a 6.3 earthquake off the southern california coast was felt from san diego north into l.a. county. >> southern california is in store for another day of high tides and flooding. the so-called king tides are formed by the alignment of the sun, moon and earth. >>> this happens once every 30 years. >> former south african president nelson mandela is said to be making progress as he battles a lung infection. >>> it started with trash talking and ended with gunfire. surveillance cameras capture a shooting wounding two people. >> all that -- >> okay. we need the jaws of life. >> final in philadelphia, 34-13 cincinnati. >> the houston rockets' latest effort to sing is pretty embarrassing. ♪ and dradle i shall -- >> how do i even know you're a nun? you don't have the thing on. >> i know, i know but i have my medal on. >> is that your nun badge? >> that's my nun badge. >> barbara walters most fascinating person of the year is disgraced cia former director david petraeus. >> i was thinking if this guy was a
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if they just don't take up the case? >> well, then same-sex marriage essentially becomes law in california and it was about the referendum. most court watchers would say defensive marriage act is the most likely of all the challenges to take up. the thinking they want to weigh in on a question dealing with what role the federal government can play when it comes to the issue of marriage because and we can't say this enough, throughout history, marriage is regulated by the states so, you know, important thing to consider there. >> and just quickly, also, joe, when it comes to the defensive marriage act, it is important for people to know if the court decides to adjudicate, it does not mean that that's the law of the land, that people can start getting married any which way they want to. correct? >> no. it means they're taking it up. they still have a decision that's down the road. there's a variety of different ways they could decide on doma. you know, they don't have to decide on equal protection grounds but the narrow question of benefits or certain benefits or certain tax breaks that marr
to california's proposition 8 which took away the right for gays and lesbians to legally wed in the state of california. now, the court's expected to hear arguments in march with a ruling by late june, and the decision to take on the issue comes just weeks after voters in three more states approved same sex marriage. no one knows more about the supreme court than our cnn legal analyst, jeffrey toobin. how big a dl is this? put it in perspective. >> this is a major event in american history, not just court history because same sex marriage now is at the center of the american legal world. this was a cause that was seen as a fringe issue as recently as the '90s. >> it wasn't even mentioned as a possibility. >> it was not even mentioned. polling has gone from approximately 20% to 30% support in the '90s, now gallup polls showed 53%, exit polls showed 49%. it now appears to command close to a majority support and now the supreme court may decide that same sex marriage will be the law of the land everywhere. >> how much of this do you think has been affected by the fact that for the first time
. two more storms lined up are northern california then i think we will take a break. guys? >> thanks so much, rick. >> it's december 1st which means not just ugly sweaters. the war on christmas is back as well. this time at an elementary school where jesus has been put in the closet. is that right, clayton. >> cot to be dale elementary school has decided they will remove the nativity scene as part of the lawn decorations. it's been part of the decorations for years. they will make it strictly secular. >> here is the thing. board of education official stopped by the school to stop about the separating church and state. religion in schools. you know, they just felt like, look, we can't fight. this we have just got to put the nativity scene away and not have to deal with defending ourselves in courts for the next 50,000 years. >> here is what brendan jones the principal who you said let's do. this in an attempt to be fair to everyone, decided not put the nativity scene out on campus. it was the school's principal. >> should they fight this in court? schools clearly don't have the money to
, and california republican mary bono mack joining us as well. and former commerce secretary carlos gutierrez, tiki barber is with us, as well. "starting point" begins right now. good morning, welcome, everybody. our "starting point" this morning is those pacific storms in northern california. third one in five days from san francisco to sacramento, floodwaters and fierce winds have been knocking out power to thousands of people. some people who lived in the areas for decades say they have never seen anything like this. >> thing just went up fast. >> we've had previously where it's gotten up real high but hasn't gotten this bad. >> do you live right here in the park? >> right here. >> right here? yeah, right there. i got my mom out. i took her down to a friend's house down the street because you never know if water like this what it's going to do. >> people are evacuating out of the cars, and as you see, you can't get out. i had to march up the hill and walk down the side hill to get in here. so it's really, really very bad. >> rob marciano is tracking the storms from the cnn weather center in atla
sex marges in the states they're already legal. secondly what's to become of them in california. just a day after washington state became the latest allowing gay couples to get married, the supreme court said it will delve into one of the nation's most hotly debated issues. >> the highest court in the land has decided to take up what will be one of the biggest civil rights cases this court could ever hear. >> reporter: the court agreed to take up the legal battle over california's proposition 8, passed by voters four years ago ending same-sex marriage in the state. a firm appeals court ruled the ban unconstitutional on grounds that applied only in california. but now that the supreme court is weighting in, the justices could get to the more basic issue. can any state ban same-sex marriage. nine now permit it or soon will. so does washington, d.c. the court also agreed to hear a challenge to the federal defense of marriage act. it defines marriage as "only a legal union between one man and one woman." the law had a big effect on edie windsor of new york who married tea spire in 2007. w
much, b -- sequestration? >> did you see what's happening in california, maybe that should be a barometer. tax increases in the state of california and raise revenue and look at the revenues have not gone up. >> a lot of republicans see california and americans, many democrats see california as a cautionary tale. what california has done and interesting and got then them ooh into a pickle. they have the battle initiatives where voters can go in themselves and vote for what they want and these all cost money. >> it all costs money. >> yeah, this is a mistake of california, right? since the late 70's, when these ballot provisions started going through, yes, you had a number of them. i was out there when was unfoldi unfolding, a number passed and californias voted to increase their own sales tax to pay for things, finally. >> yes, by the way, they also then voted to tax the highest wage earners more.and what ended up happening in some cases was that a significant number of the richest people moved, they left. >> to nevada. >> they moved to texas. >> arizona. >> alisyn: to avoi
of marriage act. and also, california's proposition-8 and how's this for a backdrop? in washington state, thousands of gay couples got married on sunday. and the new year promises the same for those in maryland and maine when their new state laws take effect. right now, same-sex marriage is legal in nine states and washington, but it's either banned or not recognized in more than 30 states and just not recognized at all by federal law either. that's the defense of marriage act. a high court has been split on nearly every major decision. john roberts has also been a wild card on occasion, so as you can imagine, past opinions of these people have become a bit of a window perhaps to what future decisions may yield and this has critics and supporters of gay marriage on edge and waiting and that includes evan wils wilson, the director of freedom to marry or god father of the gay marriage movement. so, i hear people asking the question of either people who are before or against the issue of gay marriage. you must be excited that the supreme court is finally going to take this up. some people a
himself. >>> in california, a day of fishing turned deadly when two were swept away by a large wave. an adult and a juvenile were pulled into the ocean. they're bodies were found about 100 yards offshore. a third fireman was also washed away when he made it back to land and waved for help. >>> and former president george h.w. bush is said to be improving. but he remains in intensive care in a hospital in houston. a family spokesman says mr. bush is alert and in good spirits. he's been talking with his doctors and nurses. and i heard singing. the 88-year-old former president has been hospitalized for more than a month now because of a bronchitis-related cough and fever. >>> and finally, how is this for a way to get rid of your old christmas tree. instead of dumping it in your front yard, you can serve it for dinner to goats. if you happen to live in rhode island. a petting zoo in rhode island, they're feeding the trees to dozen of goats. they eat them in perfect silence, as you hear there. apparently they like chomping on the pine needles. >> that was a cow. >> hang on, okay? goats a
of work americans to work for their companies. this is one of the fairs in california. can did needs skilled workers to tap into its oil resources. california has become a prime target because it's 9.8% unemployment rate. >>> youtube sensation scoring much more than just fame on the internet. norwegian kicker getting the chance to be in the nfl. the 27-year-old had a tryout with the new york jets. he was tested on field goals and kickoff. he said it went well and hoping to score a contract by the 2013 contract. >> clayton: let's be honest, the jets need help. they get some guy from the hills of the netherlands to kick a field goal sideways, maybe that's what they need. >> juliet: don't be sassy. journey, their lead singer now, it's a guy they found on youtube, in the philippines. he was a karaoke singer. he's fantastic. >> kelly: that's the tway to do it these days. >> clayton: back in the days, typically when you went on a date, maybe go to match.com, you look at their qualities, maybe look at their appearance. >> kelly: i think so. >> clayton: their likes, their interests. do they
weeks since the tragedy of sandy hook elementary in connecticut. a teenager in california wrote a poem to express her feelings saying she understood how it could happen and it got her suspended from school. we'll get her reaction coming up >>> we'll also hear from the 29-year-old surfer that used his fists and his board to save his life when a shark kept coming at him again and again. >> scary story. >>> later on, we'll switch gears and look back at the year in pop culture, from the rise of honey boo boo to the unlikely bop lairity of that catchy tune, gang ham style. >> slightly popular, wasn't it? >>> we begin with the race in washington to fist fiscal cliff deadline including a preview of david gr david gregory's exclusive interview. we begin with kristen welker. >> the house is back in session and they could announce a deal as early as this afternoon. many saying this entire episode represents a lack of leadership on both sides of pennsylvania. with less than 48 hours until the tax hikes and spending cuts take effect, florida small business owner, gary simmons, is watching what hap
. a number of chinese women arrived in california on legal visas and they go to chino hills and theracious parently is like a hill top home there. you can see it . they take up residence. leavemention they are until they have their babis and they are anchor babis and automatically u.s. citizen. >> gretchen: this is not the only hotel in california who does this. there are similar situations before. what do you think about that. there is it a debate in congress. little bit on and off. this is about the baby anchor situation. should it be or is it okay? even if you didn't come and go to a hotel or flew here on your own hotel room and had the baby here it is still a american citizens. >> steve: they pay thousands of dollars and they did have protest and the protesters say they don't want a business in a residential area. e-mail us at foxandfriends.com. >> brian: the construction industry is struggling. how to get hired right now. that story coming your way. >> steve: hollywood legend dean martin here with stories you never heard. good morning, dina. ♪ ♪ [ male announcer ] progresso. you g
are now estimated to be in the range of $2.5 trillion to almost $4 trillion. leading is california with more than $370 billion in unfunded pension liabilities, only 47% are currently funded. a pension debt per household in california of almost $30,000. illinois close behind, $167 billion in unfunded liabilities, 28% funded, and the state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5 billion in bonds this year making it the third biggest debt issuer in the first three quarters this year. california and new york, numbers one and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory factor, author of can the bestseller, "shadow boxes: government nioos control america and rob taxpayers blind." we are delighted to have you with us. let's turn first, if i may, to the president telling autoworkers that right-to work-laws don't have anything to do with economics, they have everything to do with politics. your reaction? >> that's a
keep flying in and dropping the money, i am from the state of california, the state of california vottd to make -- it is the highest tacked taxed place on the planet, meanwhile, jobs and people are leaving california. we have to cut, people are not ready for it yet. >> what is ever ready for a big tax hike? we'll get a big tax hike on january 1st as i just reported. here is $2 70 billion in new taxes, they will hit middle class, working men and women. this is a game in which the president has succeeded in diverting national media from real issue. which is he, said he would not raise taxes on middle class, he will shove them down their throat on january 1st. i mean -- and the republicans are not talking about it. congressman, why not? in we're trying to. that is why i'm on your show. also. lou: fire away. >> it is important, i want to split up the issues. so what happens on january 1st, people will feel it will be with payroll tax, and amt, alternative minimum tax, cut to medicare, and cuts to defense. that is for real, that happens. that is immediate. the rise in rates due to obamacare,
in california. three storms in less than a week and at least one death attributed to those storms. more rain is expected today. rob marciano is following it all from the cnn weather center in atlanta. a lot of rain headed their direction? >> yes. not as much as last week, but the ground is already sat ratur. napa valley has been getting hit hard. the russian river up and over flood banks. now they will ease back into the riverbeds, but with additional rainfall today, it may go back into flood stage there. there is the latest video showing a couple glimmers of sunshine, that was short-lived yesterday. how much rainfall have we seen in the last few days? in a six-day total almost two feet of rain at mount sast ta. sterling city, 21 inches of rainfall. sims, california, 17.9. this is tremendous rainfall for a nontropical area. it has a tropical connection, because it's coming from the direction of hawaii, but still a mid and northern latitude situation. seattle and portland seeing some rain, snow at the higher elevations. if anything is a saving grace, it's a little cooler this go-around, so so
hand. >> rick: we begin with a fox news extreme weather alert out of northern california. they're now being slammed there by another in a series of severe storms that have already killed one person. the region already dealing with flash floods, mud slides, downed trees, power lines. people there say they've never seen anything like it. >> i haven't seen this in many years. this much water running through my property. that water runup should not come on our property. they have to have holding ponds or some sort of drainage in place to divert or what have you, from my property 'cause it's just below there. >> rick: dominic is live in california with the very latest. dominic? >> hey there, rick. suddenly round three tonight and we're going to see the heaviest rain since this began on wednesday. in fact, possibly more rainfalling tonight than the last two storms combined, believe it or not. it could be as much as ten inches of rain that falls in parts 6789 we've already seen mud slides in certain parts of california. in two areas block off highways, also partly destroying some homes. one
and the state of california. those reports after these messages. t wants that pink cast. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i wish my patits could see what i see. ♪ that over time, having high cholesterol and any of thesrisk factors can put them at increased risk for plaque buildup in their arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alone aren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines you're taking. call your doctor r
article on "forbes" talking about combining the new it had factioncates and california rates. if you live in california, effectively dividends of a california company with a california owner is going to be taxed 74%. that's crazy. >> better to see companies leaving california as their tax domicile? >> companies leaving, people leaving, but more importantly companies have a price of paying dividends? those making the checkses are all in the highest tax rate. you reduce the income in the equity markets. >> again, we're talking worst case scenarios in this point of these effective tax rates that are possible certainly. i'll give you that, but don't we really expect the rates too-to-go up a lot less than that as congress comes together and compromises on these very consentious issues? >> right now congress, the 20% rate plus the 3.8% rate on -- on the health care reform, that's still widening the debt bias. what happens when you widen the debt bias? companies leverage more. companies that are leveraged companies they invest less and create less jobs. >> yeah, go ahead. >> finally, investors g
help for the city, help for the states. but you asked it. who is next. how about california? voted for president obama by 20 point. deeply in debt. to suggest we need help from d.c., maybe that detroit city councilmember opened up the door for a request for a federal bailout. martha: one of the biggest burdens on the municipality have been the deals the public unions have struck for their workers. we have seen it in places where the promises have been made where there i not the money to support. i there any question the administration -- that the president is open to the idea that the president is open to bail out these municipalities? >> there is no mention so far. but you are right to point out the union connect. president obama's reelect heavily supported by municipal unions and it's the pensions promised to municipal union workers, that is what is strangling many of the states that are in such dire straight. illinois and california in particular. will quid pro quo be called in by municipal unions like it has been called in by the municipal councilmember. martha: what happens if
in california, that case, whether the ban on same sex marriage there is unconstitutional. and that could affect all 50 states. so there is at least the potential that by the end of june, all 50 states will be ordered to have same sex marriage. there is a long way between here and there, but that is now a possibility. >> what is so interesting about this, this is not just about the marriage issue, so much as it is an equal protection issue because so many people have been denied benefits under federal law. >> that's the defense of marriage act case. what the defense of marriage act case, what the law says, passed in 1996, signed into law by president clinton, that law says that the federal government will not recognize same sex marriages, even in the states where it's legal. so if you are a married couple, same sex couple in massachusetts, you can't file a joint tax return, can't inherit tax free the way heterosexual married couples can. the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of represen
of california. in our 1:00 eastern hour right here on msnbc. >>> we need to turn now to weather. a winter storm another one dropping snow in the northeast. take a look now. you know a lot of people -- just a few days away. we've got a little snow coming down here now actually. that's the spot a lot of people are going to gather. right outside the studios here, rockefeller plaza. but the new year's countdown they expect some million people to be out there when the ball drops. but when that ball drops, how bad is it going to be out there? are they going to be getting snowed on? dylan dryer, would you recommend going out there on new year's receive in. >> of course. it's new year's eve in new york city. but the snow will be gone by then. it is a snowstorm nonetheless and the roads and anyone traveling in the northeast will run into some issues. we've already seen some reports of pretty bad road conditions across pennsylvania and new york state. that's where the snow has been heaviest. in new york right now it's just pretty at this point. it hasn't really made a mess of the roadways. the storm is g
being reported across southern california. also thunderstorms being reported yesterday in las vegas. that was the 25th day they saw thunderstorms this year. the record is 26. so a lot of thunderstorms in vegas. you had record rainfall of a quarter inch in san diego. you had 1.56 inches of rainfall. yuma, you had record rain as well. the rain in through phoenix. it is snowing through flagstaff, getting into the grand canyon as well. this system will slowly spiral its way into the four corners and bring with it more in the way of some heavy snow. some of it will be over the san juans of southwest colorado. they'll take that fresh powder, for sure. the south side of the system will have wind as well with winds gusting to 60 miles an hour. ahead of that, warm and sunny. a nice chill in the air to get you in the mood for the season across the east coast. that's a quick check on weather. "early start" coming right back. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want.
and the next storm moving into northern california and this one is a very strong one. very significant rain will fall here, some areas eight inches of rain and a lot of the rivers in central california concerned about flooding for today and tonight. and this storm storms by tomorrow, and another one comes in on tuesday, wednesday, lingers a little into thursday and then dry things out and this is the most potent of all and mostly rain, another warm system, but a steady stream of tropical moisture and it will bring light showers throughout parts of the ohio valley, to the great lakes, tonight and this afternoon. and behind it, temps are going to warm up a lot. in fact, today, the temps are extremely warm, across most of the country and pretty much the entire country is above where your average temps are this time of year and tomorrow, we'll see this heat builds further, getting to 61, dleefld, and # 66. and usually we're counting the days to christmas and shopping days left. not this year, the countdown to the fiscal cliff, thanks to our leftist leaders. >> usually count down to christmas, b
marriage cases prop 8 out of california and the defense of marriage act case out of new york. the court could hear the cases as early as march. okay. two big issues here. let's start first with -- i think we will start with the gay marriage issue first and then we will go to the pot question. steve, how do you think it's going to play out the doma case prop 8 case how two different cases how do you think doma case. >> doma case involves whether someone who had lived with domestic partner for 45 years should have to pay estate taxes where if they lived as husband and wife she would not have to pay estate taxes and prop 8 involves whether or not gay marriage is simply legal. i think what we are seeing here they only need four justices to decide whether to take the issue. i think there is a little bit of politics there because if obama appoints more justices, they are not going to have to get the issue before the court. i think expect that the court going to say that gay marriage is legal just as they said you couldn't ban racially mixed racial marriages and things of that sort. you know,
what's called serious entitlement reform and cuts? joining me now congresswoman bass of california. it's a pleasure to have you on again. >> thanks, thanks for having me on, tamron. >> absolutely. the president is in michigan. i want to read what senator dick durbin said on entitlements and reform. let me play it. >> i do believe there should be means testing and those of us with the higher income and retirement should pay more. that can be part of the solution but when you talk about raising the medicare eligibility age, there's a key question. what happens to the early retiree and the gap in coverage between the workplace and medicare? >> what are your concerns regarding entitlement reform? >> well, my main concern is that what i think is unacceptable is if we were to break the guarantee that the u.s. has had with the population for many, many decades and that's after you hit a certain age, your health care will be covered. and so, my concern is if we were to just across the board raise the age, you know, life expectancy depending on where you're talking about is different in differe
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